2021: The year quick commerce took off
The quick commerce model is here to stay and will drive investments in the logistics sector servicing the need for dark stores, last mile delivery.
Monday December 27, 2021,
3 min Read
Amid the restrictions induced due to the COVID-19 pandemic, many avoided stepping out to buy groceries and other essentials. With more people now online than ever, this led to the exponential growth of quick commerce startups.
2021 saw online grocery and fresh produce delivery companies ramp up the ‘convenience factor’ with promises of 10-minute deliveries to keep consumers hooked.
Food delivery startuphad launched its grocery and essentials delivery service Instamart in mid-2020. The service, which currently delivers groceries in 30-45 minutes, is now targeting 15-minute deliveries by early 2022.
Operating in the same space, Bengaluru-headquartered rolled out 19-minute delivery for consumables earlier this year, after receiving backing from Google Ventures and Lightstone. Grofers recently rebranded itself to Blinkit with capital from and announced that it will be shutting down all locations that it did not service within 10 minutes.
With massive capital inflow, better predictability, and multiple fulfilment centres have allowed these quick commerce startups to enter newer cities.
“Third-party players help quick commerce companies launch new cities faster. The potential for the sector is huge as the online players serve only one percent of the market,” S Lakshmanan, Vice President and Head of Fulfilment Services at, tells YourStory.
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News & Updates
- Serial entrepreneur Pankhuri Shrivastava, who founded women-focused social community platform Pankhuri, passed away on Friday. Investors and others close to her mourned the untimely demise of the entrepreneur on social media, calling it a huge loss.
- Managed healthcare platform Karkinos Healthcare has received an undisclosed amount of investment from Reliance Digital Health. Backed by Ratan Tata and the Tata Group, it has other major angel investors that include Kris Gopalakrishnan, Ronnie Screwvala, etc.
- Prime Minister Narendra Modi announced that vaccination against COVID-19 for children between 15-18 years will start from January 3, 2022, while "precaution dose" for healthcare and frontline workers would be administered from January 10.
Before you go, stay inspired with…
“Now, it is a given that skills in digital, design thinking, entrepreneurship, and innovation will be pivotal in post-pandemic era.”
— Ronnie Screwvala, Co-founder, upGrad
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